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According to Nobel prize-winning economist Daron Acemoglu, liberal democracy made three promises: that prosperity would be shared equitably, that capable government would deliver public services and that citizens would have voice to express their opinions and participate in governance. But in recent decades, these promises have been broken across the world.
This week, Ellen and Alona are joined by Acemoglu, who explains how the shift to a postindustrial, tech-driven economy—compounded by neoliberal policies, rising inequality and the internet—has eroded trust in democratic institutions.
He criticises identity politics, on the right and the left, and discusses the economic effect of developments in artificial intelligence. How great of a risk is AI to social cohesion? And is new technology actively undermining cross-cultural “social learning”?
Plus, he makes the case for “working-class liberalism” as a philosophy that can overcome this crisis.
His book What Happened to Liberal Democracy? Remaking a Politics of Shared Prosperity is published by Profile Books
